Real Estate Market Review | Ballwin MO
As we say goodbye to 2022, we wanted to take some time to reflect on the city of Ballwin, and what happened over the course of this last year. We will discuss what happened to home values, sales prices, and finally the listings and closings for the year of 2022. Hopefully, the information contained in this article will help build a better framework on how the community of Ballwin performs over a 12-month span.
We first wanted to discuss the home values for Ballwin. Now the average values for Both condos and single-family residences comes out to about $336,000. So how did the houses perform over the last year? Well, Ballwin saw an 11 ½ percent increase in home prices for the year of 2022. Now let’s dive into the specifics for the year. For single family homes, the average home value was $381,000. This shows an 11.92 percent increase over the last 12 months. Condos on the other hand are averaged at $194,000 with a 15.08% increase over 2022. Ballwin home prices saw ups and downs in prices month-to-month, but saw steady increases over a 12-month period. 
Next, we should discuss the sales prices on closed homes within the last year. The average sales price for Ballwin, Missouri is $333,000. The city saw 12 ½ percent increase in sales prices over the last 12 months. As far as digging deeper into the numbers goes, single family residences saw an average sales price of $327,000 with a decrease of 7.89% for the year. Condos in Ballwin saw a similar trend, with the sales price coming in at $166,000 and a decrease of 5.14% over 12 months.
The last topic we wanted to cover was the listing and closing data. This should give us a good picture of what is really happening with the market in Ballwin. At the time of writing this article, there are 20 active homes for sale across Ballwin, Missouri. Over the year of 2022, there had been 450 closings overall, and these homes also only averaged 17 days on market. What do all these numbers actually mean? The houses are going quick in Ballwin. There is currently less than a month of inventory overall. The Market 
overall is still hot in this area, and only time will tell what will happen to the market in the year of 2023.
What does all this mean to a buyer or seller? The market in Ballwin is very active, and homes are going fast. Finding good representation is the key in successfully closing a transaction in this market. Both buyers and sellers can expect competition for a home, and it is imperative to have knowledge of the area and the data behind the market. Buyers and sellers need to be on their toes to take advantage of any opportunity that comes their way.
As the data shows, Ballwin is a community in which people of any economic standing can achieve their real estate goals, while not settling for what they can get. This community is thriving with a hotbed of activity. Ballwin remains an accessible area for anyone within the county area.